by Kevin Johnson, Winter 2015
This past fall I had the opportunity to attend the TCU Energy Institute seminar for Royalty Owners Program in Abilene, and I was thoroughly impressed with the program content and the speaker. Mr. Glenn Webb, the attorney who led the seminar, did an excellent job of presenting the material. Mr. Webb discussed the foundation of energy laws, mineral leasing, lease requirements, production payment, and verification in depth. In addition, information was presented on pipelines, eminent domain, accounting, taxation, and estate planning. The landowners, royalty owners, networking, questions, and discussions were all outstanding. The seminar leaders provided easy to use information and taught how to readily access vital information concerning oil production. Information on surface damages and surface use agreements information was extremely helpful as well.
The Energy Institute also offers an Advanced Royalty Owner Program that is taught by attorney, Mr. David Wallace of Sonora, Texas. Mr. Wallace is a rancher and is extremely knowledgeable in oil, gas, and right of way law. The advanced course offers a more in-depth look at issues pertaining to royalties, negotiations, legal issues, and the overall business aspects of oil and gas production. Mr. Wallace has ties to Ranch Management as his son, Warren, is a graduate of the Program.
The Energy Institute offers two other seminars to interested parties: Wealth Management and Estate Planning, and Geology of Shale Plays. Dr. Ken Morgan is the TCU Energy Institute Director, and he has done an excellent job of establishing these seminars. Dr. John Baum of the Energy Institute did a great job facilitating the seminar I attended in Abilene, along with Ms. Ashley Landers. Ms. Landers is the person to contact if you are interested in attending any of the upcoming seminars.
The seminars presented by the TCU Energy Institute are certainly worth looking into if you need to know about the energy business from a royalty owner standpoint or from a ranching perspective. The information is presented in an upbeat, easy to understand manner with an emphasis on the economics of the energy business. The facilitators and presenters are top notch and experts in their fields. For more information or to register, you can contact Ms. Ashley Landers at firstname.lastname@example.org . The Energy Institute https://energyinstitute.tcu.edu/ is a great resource for ranch managers to have in their tool box.
Royalty Owner Program: September 5-7 and December 5-7 (Fort Worth)
Advanced Royalty Owner Program: October 17-19 (Fort Worth)
Future of Oil and Gas: October 5 (Fort Worth)
Surface Use Issues: October 12 (Fort Worth)
Wealth Management & Estate Planning: September 14 (San Angelo) and November 15 (Fort Worth)